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United National Bank & Trust Company, The

Canton, OH · Cert 14953

FDIC

Q4 2005

$2.4BAssets
$1.7BLoans
$1.8BDeposits
$240.2MEquity
Loan mix
79%RE $882.9M20%C&I $226.0M0%Consumer $1.9MQ4 2004Q4 2005
Deposit mix
89%Interest-bearing $1.6B11%Noninterest $0.2BQ4 2004Q4 2005

NIM

4.75%Q4 ’034.81%Q4 ’045.44%Q4 ’05+2%+6%

Non-interest income vs. expense

2.44%Q4 ’031.85%Q4 ’042.41%Q4 ’05-33%+43%

Executive Summary

  • Earnings: ROA of 0.52%, down 3 bps year over year; NIM at 2.79%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.58%.
  • Funding: loans stand at 93.75% of deposits as of Q4 2005.

Financial Results

Return on Assets (quarter, annualized)

0.52%-3 bps YoY

Net Interest Margin (quarter, annualized)

2.79%+16 bps YoY

Efficiency Ratio (quarter, annualized)

64.70%+1,234 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2004Q1 2005Q2 2005Q3 2005Q4 2005YoY ΔTrend
Earnings
Return on Assets0.56%0.64%0.72%0.85%0.52%-3 bps
Return on Equity5.05%5.75%6.26%7.31%4.81%-24 bps
Net Interest Margin2.63%2.64%2.72%2.74%2.79%+16 bps
Efficiency Ratio52.36%64.80%62.20%60.57%64.70%+1,234 bps
Non-Interest Burden1.15%1.53%1.47%1.31%1.64%+49 bps
Growth
Asset Growth (YoY)-5.67%-8.96%-6.87%-4.98%-6.78%-111 bps
Loan Growth (YoY)-4.81%-7.54%-8.84%-7.88%-8.34%-353 bps
Deposit Growth (YoY)-6.18%-5.84%-1.52%-1.29%-2.05%+413 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.31%0.39%0.45%0.57%0.58%+28 bps
Allowance / Loans1.39%1.41%1.40%1.38%1.40%0 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital13.69%14.21%14.53%14.87%12.52%-117 bps
Equity / Assets11.09%11.34%11.59%11.74%10.05%-105 bps
Liquidity & Funding
Loans / Deposits100.18%98.38%96.06%96.17%93.75%-643 bps
Liquid Assets / Assets0.30%0.37%0.23%0.31%0.24%-6 bps
CRE / Total Capitaln/an/an/an/an/an/an/a